On December 29, Sega Technology issued an announcement (In formal business contexts, "announcement" is a suitable and commonly - used term, so it can be retained.) stating that the company intends to subscribe for RMB 10,073,739.78 worth of newly increased registered capital of Guangcai Xinchen. The subscription price per share is RMB 27.2987, resulting in a total investment of RMB 275 million. Additionally, Sega Technology will purchase a 6.7934% stake in Guangcai Xinchen currently held by Jiaxing Hetong. Following the completion of this transaction, Sega Technology's ownership stake in Guangcai Xinchen will rise to 20%.
